In a meeting today, the Reserve Bank of Australia (RBA) Board decided to leave the cash rate stable at 1.00 percent.
In a statement announcing the fact, Philip Lowe, the Governor of RBA stated that "the increased uncertainty generated by the trade and technology disputes is affecting investment and means that the risks to the global economy remain tilted to the downside."
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- Swiss government raises 2019 GDP growth forecast to 0.9% from 0.8% previously
- Fed keeps rates on hold, points to 'favourable' economic outlook next year
- German consumer price growth stabilised in November
- French consumer prices rose by 0.1% in November, as expected